Samsara Inc. (NYSE:IOT) Shares Sold by Lbp Am Sa

LBP AM SA trimmed its stake in shares of Samsara Inc. (NYSE:IOT - Free Report) by 48.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,668 shares of the company's stock after selling 186,681 shares during the period. LBP AM SA's holdings in Samsara were worth $7,615,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GLOBALT Investments LLC GA increased its holdings in shares of Samsara by 0.3% in the fourth quarter. GLOBALT Investments LLC GA now owns 55,943 shares of the company's stock worth $2,444,000 after purchasing an additional 182 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Samsara by 4.6% in the fourth quarter. Tidal Investments LLC now owns 6,403 shares of the company's stock worth $280,000 after purchasing an additional 281 shares during the last quarter. Continuum Advisory LLC increased its holdings in shares of Samsara by 32.1% in the fourth quarter. Continuum Advisory LLC now owns 1,161 shares of the company's stock worth $51,000 after purchasing an additional 282 shares during the last quarter. Cim LLC increased its holdings in shares of Samsara by 1.3% in the fourth quarter. Cim LLC now owns 31,164 shares of the company's stock worth $1,362,000 after purchasing an additional 386 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Samsara by 262.0% in the fourth quarter. NewEdge Advisors LLC now owns 572 shares of the company's stock worth $25,000 after purchasing an additional 414 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IOT shares. Evercore ISI set a $45.00 target price on Samsara in a report on Wednesday, June 25th. Morgan Stanley reduced their target price on Samsara from $56.00 to $50.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets lifted their target price on Samsara from $48.00 to $54.00 and gave the stock an "outperform" rating in a report on Monday, June 2nd. Wells Fargo & Company boosted their price objective on Samsara from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, June 6th. Finally, Wall Street Zen cut Samsara from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $50.64.

Samsara Stock Down 3.9%

Shares of NYSE:IOT traded down $1.54 during trading on Thursday, hitting $37.74. The stock had a trading volume of 4,697,883 shares, compared to its average volume of 4,015,435. Samsara Inc. has a 12-month low of $31.40 and a 12-month high of $61.90. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of -171.54 and a beta of 1.63. The stock has a 50-day simple moving average of $42.71 and a two-hundred day simple moving average of $43.67.

Samsara (NYSE:IOT - Get Free Report) last announced its quarterly earnings results on Thursday, June 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. The company had revenue of $366.88 million for the quarter, compared to the consensus estimate of $351.44 million. Samsara had a negative return on equity of 11.14% and a negative net margin of 9.04%. The firm's revenue for the quarter was up 30.7% compared to the same quarter last year. During the same period last year, the firm earned $0.03 EPS. As a group, sell-side analysts forecast that Samsara Inc. will post -0.3 earnings per share for the current year.

Insider Activity

In other Samsara news, insider John Bicket sold 56,113 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $39.22, for a total value of $2,200,751.86. Following the transaction, the insider directly owned 1,532,347 shares of the company's stock, valued at $60,098,649.34. This trade represents a 3.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Sanjit Biswas sold 45,736 shares of Samsara stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $39.18, for a total transaction of $1,791,936.48. Following the sale, the insider directly owned 1,105,902 shares in the company, valued at approximately $43,329,240.36. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,532,323 shares of company stock worth $105,452,742. 46.49% of the stock is currently owned by corporate insiders.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.